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European stocks lift on the opening- as expected a new all time high for the DAX
The European stock markets are now open for live trading and it has been a very positive start to the day. The DAX has done as expected and not only set a record opening, but then extended that to push above 19,150 as this update is typed. That means it has jumped well above the previous record, at 19,044. The gains in the DAX come alongside and even bigger percentage gain for the CAC 40 on the opening and once again the FTSE 100 is lagging. The sharply lower oil price would seem to account for that underperformance. The DAX is just now backing off a bit and perhaps we should remember there is a yawning opening gap in place to that 19,044 level. We shall just have to see, if that does get filled at some point today. The index is just now trading at 19,135
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